Bridgeway Capital Management LLC Increases Holdings in Taboola.com Ltd. $TBLA

Key Points

• Bridgeway Capital Management LLC increased its stake in Taboola.com Ltd. by 15.5% during the 1st quarter, owning approximately 0.49% of the company with a total valuation of $4.64 million.
• Several institutional investors, including Voya Investment Management and Northern Trust Corp, also raised their holdings in Taboola, contributing to 42.89% of the stock being owned by such investors.
• Analysts have mixed ratings for Taboola.com, with four analysts giving a Buy rating and two assigning a Hold rating, resulting in an average target price of $4.50.

Bridgeway Capital Management LLC grew its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,572,984 shares of the company's stock after buying an additional 210,562 shares during the quarter. Bridgeway Capital Management LLC owned 0.49% of Taboola.com worth $4,640,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of Taboola.com by 42.9% in the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after purchasing an additional 665,944 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Taboola.com by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after buying an additional 5,829 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Taboola.com in the fourth quarter worth about $785,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Taboola.com by 37.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock worth $1,362,000 after buying an additional 101,677 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Taboola.com by 105.1% during the fourth quarter. Northern Trust Corp now owns 144,011 shares of the company's stock valued at $526,000 after purchasing an additional 73,795 shares during the last quarter. 42.89% of the stock is owned by institutional investors.

Taboola.com Price Performance

Shares of TBLA traded down $0.01 during trading hours on Wednesday, reaching $3.42. 184,883 shares of the stock traded hands, compared to its average volume of 1,638,624. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30. The company's 50-day moving average price is $3.40 and its two-hundred day moving average price is $3.26. The company has a market cap of $903.95 million, a P/E ratio of 85.38 and a beta of 1.27.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Taboola.com from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Needham & Company LLC boosted their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, B. Riley boosted their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.50.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the sale, the director owned 218,827 shares in the company, valued at $739,635.26. The trade was a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eldad Maniv sold 20,083 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total transaction of $75,311.25. Following the completion of the sale, the chief operating officer owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,183 shares of company stock worth $174,467. Corporate insiders own 22.40% of the company's stock.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.